Mr Troise will be based in New York and report to Carlos Hernandez, head of global equities. He was previously the head of equities electronic trading product at Barclays Capital. Prior to that, he worked at Lehman Brothers from 2005 to 2008 and at ITG from 1997 to 2005.

Mr Hernandez said: “Frank has tremendous experience in the electronic markets and has been at the forefront of delivering client solutions in this evolving space. We look forward to having him grow our Electronic Client Solutions platform into a market leading offering to better serve our clients.”

JP Morgan’s ECS group provides institutional, middle market, hedge fund and broker dealer clients with direct market access, pre- and post-trade analytics and various algorithmic trading tools designed to minimize transaction costs and maintain anonymity.